“By focusing on operational efficiencies, collecting cash more efficiently
and driving an enterprise-wide cost control programme, we have improved our
profit margins and continue to generate significant cash-flows.”

The company has undergone a process of strict financial controls, according
to chief financial officer S. Mahalingam.

“We have effected cost efficiencies without impacting growth drivers. We have
exercised all levers including driving a higher revenue and controlling all
expenses,” he said.

“Besides bottom line improvement, we have also reduced the number of debtor
days outstanding by 12 days in the last two quarters, reducing costs on travel,
communications, rationalising infrastructure and optimising resources.”

TCS’ European business grew 39 per cent annually, with the UK showing good
growth despite weaknesses in the telecom sector, said the supplier.

And Indian firms remain prodigious recruiters – TCS’ staff numbers grew by
48,595 since the same quarter last year, to 143,761 employees.

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